@Joseph Georgi Student loans can not be discharged in a bankruptcy i.e. if can't make payments, they will come after your other assets.

He will go into bankruptcy some time this year.

Have you tried saying homeowner will file bankruptcy if no agreement is made or maybe resubmitting a more in-depth hardship letter explaining homeowner is insolvent and it will be impossible to bring any funds to closing?

My offer price to the bank would be around 118K, depending on the BPOIf owners does file chap 7 before being 60 days behind, then that puts off a short sale until the owner comes out of bankruptcy doesn't it?

In one instance, the seller ended up in bankruptcy and the attorney's fees paid by the lender ended up on the fees inccured.

Once I went into bankruptcy to retain our house, I was amazed to find that the one thing I could not liquidate was my timeshare: a luxury item which should be the first thing to go.

I will try to answer… First, what is the goal for filing bankruptcy?

In addition, with the socialists proposing universal health care, and President Bush enacting the Medicare drug benefit, the timetable for our country's bankruptcy is rapidly accelerating toward us.

Usually the bank doesn't pay anything until it actually sells.For months prior to foreclosure, if it was a bankruptcy then the HOA writes it off.

They were just about to set a closing date for our investment property, and someone in underwriting noticed that my husband's employer had declared bankruptcy.